Finance
JPMorgan Analysts See Credit Suisse Takeover as Likely Scenario
- Analysts list three scenarios for Swiss lender amid turmoil
- Shares jump on Thursday; have slumped 97% from 2007 peak
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Credit Suisse Group AG’s troubles are most likely to end in a takeover of the Swiss bank, according to analysts at JPMorgan Chase & Co.
Analysts led by Kian Abouhossein laid out three scenarios for Credit Suisse’s future, with the most probable being an acquisition by UBS Group AG. Credit Suisse’s capital position isn’t an issue, but the “situation is about ongoing market confidence issues with its IB strategy and ongoing franchise erosion,” Abouhossein wrote in a note. “Status quo is no longer an option.”